Price clustering in Bitcoin market: An extension

Xin LI, Shenghong LI, Chong XU

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Abstract

This paper extends current literature on price clustering in Bitcoin market. We analyze intraday data of various time frames and document evidence of clustering for open, high and low prices. We discover and explain different patterns of clustering and their relation with the time frame. We further examine the effect of price level on these findings. Copyright © 2018 Elsevier Inc. All rights reserved.
Original languageEnglish
Article number101072
JournalFinance Research Letters
Volume32
Early online dateDec 2018
DOIs
Publication statusPublished - Jan 2020

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Citation

Li, X., Li, S., & Xu, C. (2020). Price clustering in Bitcoin market: An extension. Finance Research Letters, 32. Retrieved from https://doi.org/10.1016/j.frl.2018.12.020

Keywords

  • Bitcoin
  • Cryptocurrency
  • Price clustering
  • Psychological barrier